Keynes asserted that wealth was the most important determinant of consumer spending.
Keynes believed that disposable income was the most important determinant of consumer spending.

Question

Quizplus · Accepted Answer

Keynes believed that consumer spending was determined by a variety of factors, including disposable income, but he did not place primary importance on wealth as a determinant.

Keynes Asserted That Wealth Was the Most Important Determinant of Consumer